24/7 Market News- Brera Holdings to Expand its MCO Portfolio with Italian Serie B Football Club Acquisition LOI

September 25, 2024

DENVER, Colo., Sep 25, 2024 (247marketnews.com)- Brera Holdings (Nasdaq: BREA) reported that it signed an exclusive letter of intent to acquire an Italian Serie B football (soccer) club and has plans to increase its acquisition target’s team-related revenue and capital appreciation from its intended investment in the Club.

Brera stated earlier this year that it wanted to expand its multi-club ownership (MCO) professional sports teams portfolio with a Serie B, the second-highest division of the Italian professional football league system, asset and, following the acquisition club’s current owners accepting the LOI, is now proceeding with confirmatory due diligence in preparation of the Share Purchase Agreement.

Pierre Galoppi., Brera’s CEO, commented, “This is a defining moment for Brera.

“Acquiring an Italian Serie B club not only elevates our portfolio but also underscores our commitment to making pro sports team ownership accessible to a broader audience. We believe this acquisition will open exciting new avenues for investment and fan engagement.

“Brera is dedicated to redefining sports ownership, and this acquisition is a key element of our strategic vision. As Brera continues with the transaction process, we will provide further updates.”

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